January 16, 2014 |
Signs that the economic recovery was weakening caused mortgage interest rates to drop early this week, with lenders telling Freddie Mac they were offering 30-year fixed loans to solid borrowers at an average rate of 4.41%. That was down from 4.51% a week earlier, Freddie Mac said in its weekly survey , released Thursday. The government-backed finance company attributed the decline to reports showing only slight gains in job formation and retail spending in December. The average for a 15-year fixed-rate mortgage fell to 3.45% from 3.56%, Freddie Mac said.
September 26, 2013 |
The Fed's decision to continue its economic stimulus program unabated has sent fixed mortgage rates plunging to their lowest level in two months, according to Freddie Mac's weekly survey , with the 30-year loan averaging 4.32%, down from 4.5% a week earlier. Lenders were offering 15-year fixed mortgages to solid borrowers at 3.37% early this week, down from 3.54% last week. Initial rates for variable mortgages fell as well, Freddie Mac said Thursday. QUIZ: How well do you understand the Fed stimulus?
May 7, 1995
In response to Jan Hickenbottom's April 16 "Condo Q & A" column regarding earthquake insurance for certain condominium associations and Freddie Mac, we appreciate the opportunity to clarify some of the impressions left to the reader--and more importantly, to the condominium homeowner. The column stated that "The impact on low- and moderate-income home buyers could be disastrous. . . ." The Freddie Mac insurance requirement is for selected condominiums--not low- and moderate- income loans.
September 4, 1985
Kenneth J. Thygerson resigned Tuesday as president of the Federal Home Loan Mortgage Corp., a quasi-governmental agency better known as Freddie Mac, to join a San Diego-based S&L. Thygerson, who has headed Freddie Mac since August, 1982, is leaving effective Sept. 15 to become president and chief executive of Imperial Corp. of America, a savings and loan holding company with branches in California, Kansas and Colorado and assets of $8.5 billion. He succeeds Matthew Shevlin Jr.
March 28, 2013 |
Borrowers with solid credit were being offered 30-year fixed home loans at an average 3.57% this week, up from 3.54% a week ago, according to Freddie Mac 's latest survey. The average offering rate for a 15-year mortgage -- a popular option for those refinancing homes -- rose from 2.72% to 2.76%, the home-finance firm said Thursday. The starting rate for loans that are fixed for five years before becoming variable rose to 2.61% from 2.68%, the survey found. QUIZ: How much do you know about mortgages?
March 7, 2013 |
Unlike the rampaging stock market, mortgage rates are in a holding pattern, with lenders offering the 30-year fixed loan this week at an average 3.52%, up from 3.51% last week, Freddie Mac said in its weekly survey. The interest rate on a 15-year fixed loan, a popular choice for borrowers refinancing mortgages, held steady at 2.76%, Freddie said Thursday. Borrowers would have paid 0.7% of the loan amount in upfront fees to the lender. QUIZ: How much do you know about mortgages?
March 12, 2010 |
The average interest rate on a 30-year fixed-rate mortgage dropped to 4.95% this week from 4.97% last week, Freddie Mac said Thursday. The mortgage giant's weekly survey asks lenders what rates they were offering -- and the upfront fees they would charge -- for borrowers with good credit and a 20% down payment. Upfront fees averaged 0.7% of the loan amount. The average rate offered on 15-year fixed-rate mortgages, popular as a refinance loan for borrowers wanting to pay off their mortgages faster, was 4.32%.
August 19, 2004 |
Freddie Mac, the No. 2 U.S. mortgage finance company, said Wednesday that it might face civil action from the Securities and Exchange Commission for possible violations of securities laws. The company said it had received a "Wells notice" indicating that SEC staff is considering recommending action against it to the full commission that may include a permanent injunction and monetary penalties.
May 3, 2012 |
Stop me if you've heard this before, but mortgage rates are again at record lows, with lenders offering 30-year loans at an average of 3.84%, Freddie Mac's weekly survey shows. That's down from 3.88% last week and a previous record low of 3.87% in February. All of the rates would have seemed unimaginable as recently as 2008, when the 30-year rate averaged more than 6%, or 2009, when the typical rate exceeded 5%. The 15-year fixed mortgage also dropped to a new record, according to Freddie Mac, the big government-supported loan buyer.